Pension tax penalties could push 7,000 NHS retirements

An exodus is likely in March according to Quilter

Hope William-Smith
clock • 1 min read
Protections for doctors and nurses under the Coronavirus Act 2020 will cease from March
Image:

Protections for doctors and nurses under the Coronavirus Act 2020 will cease from March

Up to 7,000 NHS staff may be pushed into retirement before the end of the financial year as regulations to protect them from harsh pension tax penalties are abolished.

It comes as the measures put in place in March 2020 under the Coronavirus Act 2020 to allow recently retired NHS staff to return to work during the Covid-19 pandemic without suffering a penalty on ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Combined IAS19 surplus of FTSE 100 companies rises to £70bn in January

Combined IAS19 surplus of FTSE 100 companies rises to £70bn in January

LCP Pensions Explorer measured £5bn increase in FTSE 100 surplus since last month

Jasmine Urquhart
clock 07 February 2025 • 1 min read
Tender Watch: Charities Pensions Club appoints First Actuarial

Tender Watch: Charities Pensions Club appoints First Actuarial

First Actuarial to become organisation’s actuarial partner

Professional Pensions
clock 07 February 2025 • 1 min read
Aon predicts further rise in UK BPA market for 2025

Aon predicts further rise in UK BPA market for 2025

Consultancy predicts total volume of BPA business in 2024 to be between £45bn and £50bn

Jasmine Urquhart
clock 28 January 2025 • 2 min read
Trustpilot